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House Prices Knowledge Base

House prices? Will house prices keep going up or will they crash as some predict
house prices? we are in the process of looking for a house to buy, do you think that house prices will come down eventually? house prices in the uk
House Prices? Is it better for the economy if house prices go up or down? Just a thought as heard a debate on the radio this afternoon. Very mixed answers.
New England house prices? Is there ever really a good time to buy? I live in New Hampshire and I have been looking into buying a house. It seems to me that when house prices are low, interest rates are high, and when interest rates are low, house prices are high. Is there really a better time to buy a house compared to other times? Someone I know said we should wait because houses are not appreciating very well in the area right now, but, is this true? And is it better to continue renting? The prices in the area are outrageous at best, and I can't believe that there is ever going to be a time when they are going to be lower. It seems to me that if appreciation continues at any rate, that ordinary people wont be able to afford a house at all. $200,000 plus for a small place seems crazy. Any input on this?
What happens to house prices if gas prices rise? And if the value of the US dollar drops, what happens to the house price? Is it a good time to buy a house now or wait until after gas prices go up?
How come NJ house prices arent falling like the rest of the country? How come NJ house prices arent falling like the rest of the country? Will they ever? I want to buy a house, can buy a house, but am unsure because I dont want to buy and then my house value drops. Please provide information.
What happens to house prices when mortgage rates increase? What happens to house prices when mortgage rates increase? Wondering what will happen to housing prices when mortgage rates increase? Will house prices increase? Will house prices decrease? Will house prices stay flat?
Who decides on house prices and their fluctuation? On the news it might say "house prices have fallen 2.7% in the last month" for example but who decides that house prices have fallen 2.7%, how did they come to that amount and why?
The idea that house prices have started to rise is an outright lie, right? I just don't believe it. We are still in a recession and pretty much always house prices decline gradually over a period of three or four years after the recession starts. Its an 18 year cycle of 14 years of growth/stability followed by 4 years of decline. So Wouldn't recommend buying a house to anyone right now, house prices will fall further and the idea that there is a housing shortage is blown out of proportion entirely. Theres 850,000 vacant households in england alone.
How can I hedge the value of my house if prices fall? I think that housing prices will continue to fall this year. We will see more foreclosures and prices will weaken. How can I protect the current value of my house without selling?
How does the housing market and house prices affect the economy? If you can include websites that talk about how the housing market and how house prices affect other aspects of our economy i would appreciate it.
Are house prices going to drop in Canada? I've recently bought a house which will be done by October of 2012, and I was planning on selling mine and moving into the new one. But i've heard of rumors that house prices will drop by 20%. Im from Brampton, Ontario to be specific. Im worried that I might not get any profit from selling the house, or even losing some money. Is this true? And if it is, when will it happen?
When will house prices stop falling? Any specific predictions for one on the bluff at the beach in Dana Pt? I have an offer to buy a house now in Southern Californa (OC) for a price that would have been good and reasonable about 10 years ago. Seems economic growth has no reason but to continue contracting here, hence no immediate prospect for house prices to turn around anytime soon.
How do you get on the Property ladder with house prices so high? In Scotland house prices are rediculous, a small one bedroom flat cost around 116 thousand. Even ex council houses are over 130 thousand. A friend bought a flat 5yrs ago for 32 and sold it for 106 thousand. Prices have to come down soon surely.
hyperthetically what would happen if house prices suddenly fallen? House price at the moment are very high in uk, but if they had suddenly fallen what would be the options for the house owners? What would also happen to people who are currently just buying houses one after the other. What are there options, is there do you think any effidence of house prices falling in the near future.
When average house prices are lower, are mortgate interest rates likely to be normally higher or lower? I'm trying to find out whether or not mortgage interest rates are normally higher when house prices are low. When for instance, house prices were low in the 1970's (UK), were mortgate interest rates far higher, slightly higher, the same or even lower compared to today? Although of course there are many different conditions that effect mortgate rates, but generally would they be more likely to rise when house prices fall?
How long can house prices rise for? For instance in my town (Witney Oxon) the house prices continue to rise even theough the average salary is too low to rent let alone buy a house. Also people are being made redundant in manufacturing and there is no new work for them.. Is it just a matter of time before we have a crash? I am also worried about oil prices, and inflaton on the economy. then there is the fact we are loosing so many jobs to abroad as labour is cheaper. I do think we are heading for a small recession and with it lower house prices, but that is my opinion. We should tax second homes a lot IMO. As wealthy people buying them means normal working class people cannot find a house to buy. I also don't see why I should move away from the area I was brought up just so I can afford a house when the lazy cavs and immigrants get homes from the government. I live in the UK by the way and yes I have had a good eduction... It is just where i live it is expensive as people buy houses here as it is a country type area but is an easy commute to london.
Are the house prices in Southern California really declining? I've read in the newspapers that the house prices are slightly falling in the West. Is it a good thing or a bad thing?
What is going to happen to house prices in the next few years? I am 21 and want to get onto the property ladder. If house prices are expected to go up is it a better idea for me and my partner to buy rather than rent?
What will the effect be on house rental prices? With house prices in the UK on their way down, can anybody 'in the business' tell me what the effect will be on the rental markets? Will the cost of renting drop too?
When will the house prices go down in California? I live in southern California and the house prices are insane. In my city the average home is about $550,000-$650,000 That is for a older home with about 1500 sqaure feet and without a large backyard. I wanted to buy another home, or sell my home and buy another one, but at these prices I will be paying too much for a loan. Will the prices go down or level off? Isn't this how the market works? High prices then low?
Is it now inevitable that house prices will tumble here in the UK? Since newspapers have reported falling house prices in the US, Spain, Bulgaria and now 1.6% last month here in the UK is it now a self fulfilling prophecy and a massive 20% to 50% correction to our overpriced houses will come within the next couple of years?
What effect will this budget have on house prices across the UK? Will CGT be payable on sale of second homes? The earnings of people across all income streams across the UK is frozen and/or dropping. When will this start feeding through to house prices which still bear no relation to the reality of people's earnings?
How Long Until House Prices Increase in the UK? Im looking to Relocate to another country, however, b/c of the current Housing situation, I cant get what I want for my house at this time to move and live in another country with confidence, knowing I will have the money to support myself. Im asking for people who are in the know, how long until house prices Re-bound?
House prices in London are falling dramatically. Is it time for me to ask for a discount at my rent? I have rented a 3 bedroom house for £1,100 a month but as far as I can see from the housing market forecast the prices are falling dramatically. Can I ask my landlord to discount the rent I am paying?
Why does refinancing become difficult when house prices fall? From what I gather, if your current home value is lower than your outstanding loan, you're in trouble. And why do people default and foreclose on their homes when house prices fall? Could someone elaborate on this? I can't seem to comprehend it. Thanks!
Why do the house prices in the UK have a strong regional component? Why do the house prices in the UK have a strong regional component? How can you illustrate it with a table? What makes one region more attractive to buyers than another? If possible don't use difficult words please. Thanks
Real estate experts, what do you expect to happen to house prices in the next two years? Will house prices slowly increase again, along with interest rates? Or will the house prices remain steady while the interest rates change significantly? I don't know much about real estate or the economy, but I know plenty of people have great knowledge in these areas.
What will house prices do in Calgary, AB? I need to buy a house early next year. I am looking for predictions about the house prices in Calgary. Do you think they will fall? rise more? or stay about the same?
What do financial people think will happen to house prices? We are thinking of cashing in our savings including ISAs to buy a second home, due to the dreadful savings rates. We would use the second home as a holiday home, would not want to rent it out. Would this be a good financial option, or do you think house prices will continue to fall for the foreseeable future
Will house prices drop after the Olympics? My husband and I are planning on buying our first house. We live in Vancouver and we are wondering if it's smart to wait after the winter Olympics which will take place February of 2010 to buy. We've been hearing that in the past, real estate prices drop after Olympics. Is this true?
Is it true that house prices will drop to 2001 house prices in Australia? Someone answered my previous question with this little detail. I am unsure if it relates to Australians or just the US. I am Australian and looking for some info directly relating to Australia. Will house prices drop, how much and when?
Why is the cost of living going up, but house prices coming down? Surely if everything is increasing in price eg Fuel, food and utilities, house prices should go in the same direction. I read today that house prices have fallen again by 4.4% , who decides?
Where are the best house prices in the USA? Not just the cheapest, but the best houses for the money, with the biggest lots, the most square feet of living space in the houses, the highest quality construction, the lowest taxes, etc., for the rock bottom lowest prices? And why are such good houses so cheap there? Can you give some examples (maybe the address of a house for sale) of houses in that area that are examples of bargain houses where you get the best and most house for the least money?
Why are house prices different from other cities and states? Why do Lakewood house prices different from Bellflower house prices? Is it because of the population or something? BE SPECIFIC! PLEASE GIVE ME AN ARTICLE OR SOMETHING TO SEE IT. THANKS!
Why did rent not go up in line with previous rising house prices ? Just doing some maths and realised how big a leap upwards house prices took compared to the price of rent. Why didnt rental return go up in line with house prices ? Some great answers here! thanks to everyone for your input.
Are house prices continue to fall in 2008 in California? I live in the Imperial Valley in California are houses have drastically drop in prices. They have dropped 20 to 30K and I am thinking of buying my first house but do not know if it is the right time? Please help.
How far will house prices fall ? I remember the last recession in the late 80's / 90's where house prices fell by up to 30%. How far will house prices fall this time?
When will house prices become affordable again? I heard the news talking about house prices crashes, but I don't really know that much about economics. Is it true they're going to come down in price?
Will the country not be better off the sooner house prices return to their true value? It is an accepted fact that house prices artificially, doubled - trebled due to slack lending. Government turned a blind eye without weighing up the consequences. Prices can only come down regardless of hype some lenders put out, obviously to snare punters!
Which has the cheaper house prices near coast in New South Wales or near the coast in Melbourne? Hi, My family and i are awaiting visas to migrate to Australia. Please could you tell me as we would like to live near the coast which has the cheaper house prices New South Wales or Melbourne? Also my husband likes his speed boats which coast line is better for boating? I appreciate any advice you have to give and look forward to your replies. Thankyou for your time.
How come house prices are so expensive in uk? How come house prices are so expensive in uk. In my opinion its them programs in the morning on bbc 1 ITV bumping up the cost of houses. "I bet estate agents love them programs in the morning" Also all my friends don’t want to live in a house anymore they go "well we do it up then move on and make a profit", I look at them daft saying why ?? you only just moved in!. Years ago people use to buy a house and live in it for the rest of there lives. then pass it on to there children. Maybe I don’t get British cutlery anymore and I’m only 27.
Melbourne Australia house prices are crashing should i sell before lose too much money? Do you think Australia's house prices will crash as much as other places in the world EU UK USA ?
Will the house prices drop in another 6 months. I am a first time home buyer.? I started looking for house a week back. But friends are telling that prices might drop further in 6 months. I am not in a hurry to buy a house but the current rent I am paying is almost same as the house I am planning to buy, after considering the tax benifit. Is it a good idea to wait for 6 more months.
Why is UK RPI higher than CPI at a time when housing costs: interest rates and house prices are static? Why is UK RPI higher than CPI at a time when housing costs: interest rates and house prices are static and have been for some time. News reports just ignore this discrepency. Thanks everyone.
are house prices in canada going to fall in the next six months? are house prices in canada going to fall in the next six months? will it be like in the us?
How come there are so many wealthy people in california and extremely expensive house prices,recession there? I mean house prices have kept their value in the nice areas,you cant buy a good house there for under 500,000 newport beach is full of rich people,and socal is a wealthy place people seem to be making lots of money are they just a wealthy city and the recession has not affected there. What professions make all these people that large amount of money to live this california lifestyle
Why dont the government standardize house prices? The fall in house prices seems to be going down at an uncontrolled rate - nobody knows how much they will be worth in a year or two. So why cant the government just set the prices per square foot and hold them at that? Something is only as valuable as the price we have to pay for it surely?
is there going to be a big drop in house prices in northern ireland? i live in fermanagh and there are hundreds of new builds lying empty unable to sell even with the asking prices lowered.the council house we live in was £85,000 3years ago,but we were unable to buy then.last year it had jumped up to £140,000.if the houses are not selling ,they will have to drop in price.the council sells the house at the avarage price of a 3bedroom house in the area.
How much will house prices drop in the year 2011 in British Columbia, Canada? Talking about house prices in Vancouver, Richmond, Surrey, Langley, Delta, Burnaby, New Westminster, Abbotsford, Port Coquitlam/Coquitlam, Pitt Meadows, & Maple Ridge.
Are house prices going to fall any more in the UK? I want to buy my first house, however do not want to be stuck with negative equity if house prices drop any more. Any experts out there have some wisdom for me?
What will happen to house prices over the next 3-5 years? What with inflation going up, means Interest Rates going up is a certainty. If Interest Rates are up, then the cost of owning a home goes up. Is it possible for house prices to keep defying the odds and keep rising, or are we in for a major crash once all the cheap credit has dried up? I'd love to know your views, thanks!
Why does the CPI indicate that housing costs are rising when all data shows house prices are falling? Wouldn't it stand to reason that with house prices falling so dramatically, rent (including imputed rent to homeowners) must also be falling? And wouldn't this fall balance out or even outweigh the dramatic rise in food, energy costs, etc. of late? (because housing costs are the largest portion of people's budgets). If true, are the current inflation fears overstated? Thanks in advance.
If they credit crunch has resulted in a fall in house/property prices, why is this a bad thing? I have noted that a recent result of the global credit crunch is its affects on the property market. I have learned that house prices have fallen recently. However isnt this a good thing? Lower prices means cheaper houses, no? Could someone please explain this as i really dont get it (amature here) Thanks.
Are house prices rising at a ridiculous rate everywhere or just in the uk? House prices are always rising, but now they are 11 times higher than national average earnings and they are expected to double this ratio within 5 years. Is it the same situation around the world?
Do you think house prices will drop in adelaide over the next 12 months? I seen a story on the news with someone stating they believed house prices will drop up to 40%, just want peoples thoughts on the topic?
Are house prices expected to go higher or fall in the next year in montreal? And interest rates +/-? I would like to know if the prices and interest rates of houses are going to climb or fall over the next year? Is it a good time to buy a house now or in a year from now? Are interest rates going to climb or fall now , in one year from now, and 5 years from now?
Why do people get so upset over house prices? Talking about house prices seems to wind people up even more than talking about Bush or Palestine. Anyone find this?
Is the drop in house prices bottoming out ? Do you think, given the latest reports, that the housing market collapse is coming to an end, and that house prices will be more affordable to buy? I am talking mainly about UK prices
So why is it a bad thing that house prices are falling? I have to understand this for an economy class, and I don't really understand why it is bad if house prices are falling. How does it hurt the economy? Isn't it good for consumers?
What happens to banks if house prices fall? What happens to banks if house prices fall?
what is the future of houston house prices? we might buy a house in houston. we dont know how early. it might take us a year to move there. will the prices be higher then now in houston?
Why is the media reporting a.rise in house prices and say next year we will be back at the 2007 levels soon? I thought thats what caused the bubble to burst,inflated house prices and now they are saying we are getting back to expensive houses,yet there is unemployment,banks not giving morgages and low wages,especially in northern ireland. What the hell is going on?????????? The people that prediced the "housing bubble" bursting when it did also predict another 20% drop in northern ireland next year.
Where is the best place for house prices with good Train commute to London? Moving back home been away for 5 years used to live in Baldock herts but I know house prices shot up. Where is a good place to buy a house now? was thinking of Milton Keynes???
Which do you think are the most inflated, British egos or British house prices ? I mean, let's face it, house prices in this country are pretty high compared to average earnings. There again, Britain has a pretty high opinion of itself considering it's economy is fairly bankrupt, as are it's morals. We carry more personal debt than the rest of the EU put together, the highest teenage pregnancy and divorce rates, yet still have the temerity to tell other countries how to run their affairs. What a cheeky country we are !! Nice point andyg77.
Are house prices going to continue to drop this year 2009? I am thinking of selling then renting somewhere whilst prices keep falling. Then in a year or so buying a house that I wouldn't otherwise be able to afford if the prices are still coming down. Does anyone know if prices are still expected to fall this year and by how much?
Housing prices I've been told are now at an all time low. Should I buy a house now? I'm not rich and wasn't planning on buying a house until I graduate from college. I'm 19 right now but if prices are extremely low maybe I should get a 20 year fixed mortgage? Ok, I need to know WHY it is or isn't a good time to buy and why or why not it will be later.
Do you think high gas prices will bring down house prices even more? With the high gas prices do you think some people who are wanting to buy a house will hold off - making it even harder for some to sell their house and lower their price even further? Thanks for answering :)
Why do house prices in England drop at the same time as they do in the USA? I have heard that house prices are down in the USA and then today it came on the news that our house prices have gone down by 2.5% also and that its more difficult for people to get mortgages.
How fast will UK house prices correct to an affordable level and to what extent ? People are predicting a 28 percent correction over several years, rightmove has posted a large fall in prices for august, what do you think ? And do you think it will help people who currently have got a housing problem, eg cannot afford a place to live ?
How far will House prices fall in 2009? My opinion is that house prices have to drop back to AFFORDABLE levels. But what is affordable? Most sensible people feel it is unwise to borrow more than THREE TIMES your annual income when buying a house. Most people don't earn more than about £28,000 a year, which means their maximum borrowing shouldn't exceed £84,000. How many people have borrowed far in excess of that?
Should house prices be included in the rate of inflation? In days of old, the increase or decrease (yes youngsters they do go down as well as up) in house prices wasincluded in the overall published rate of inflation.In order to artificially keep the rate apparently low, housing cost was excluded from calculations. Clearly this is madness and I feel that housing cost should be re introduced into the inflation rate calculations. What do you think?
Why am i always hearing complaints about house prices going down? i am wondering why nearly every day i hear someone on the news talking about the housing Crisis and complaining about the falling house prices, i am stunned that people complain about houses becoming cheaper, i would of thought people would want them to be cheaper so that they could buy one, am i right in thinking that more people do not own houses than people that do? why are houses so expensive, is it because people buy them to invest in rather than buy them to live in?
To what extent has the credit crunch contributed to the fall in UK house prices? We all know that the credit crunch has banks to blame for because of giving out massive loans without making a proper risk assessment. But are the goverment as well to blame for the credit crunch if yes then why ? But mainly what i want to know is "To what extent has the credit crunch contributed to the fall in UK house prices" Thanks
How long will it take for house prices on Long Island to drop about 15%? For example I want to buy a house in the range 340-360K that is currently in the asking price range of 400k-420k. How long do you think I have to wait?
If the bank of England raise the interest rate do house prices usually come down? I'm hoping to buy a house this year and the Bank of England have just added another 0.25% to the ineterest rates. How does this effect house prices?
Another big slide in the UK stock markets will this effect house prices even more? housing market here in northern Ireland have come to a halt, with interest rates having gone up, and house prices are set to take a tumble. with this slide in the stock markets could this make the housing market even worse. and if you can tell me have the house prices fallen in england , Scotland , and wales if so could you tell roughly by how much.
What would you do: sell the house or try and fix it or wait for prices to go up? Foolishly, about a month ago, I bought a house at full price that turns out to need major renovations. It probably needs to be totally gutted. The previous owners did their best to hide the problems and fooled me. Basically, the house is covered in cat urine. A male cat likes to spray high to mark his territory and he never went outside. As soon as you walk in you smell it. It's on the doors, closet doors, kitchen countertops, carpets, cupboard doors, walls, on the tiles and glass door in the shower. You can only see it with uv light. I am using natures miracle and plan to seal in the smell as best as I can with Kilz Original on the floors, doors and walls. But I am short of money to pay for the renovations. So I am thinking of selling and losing money on it. The prices of houses here have dropped a little so I won't get as much and there are plenty on the market. I could sit it out and wait for house prices to go up over time. But it's not a pleasant place to be right now
What accounts for the Increase in House Prices in NY? Over the past 10 years, I have seen many houses in Brooklyn, Queens, Bronx, Manhattan increase at a rate quicker than most other states. Some houses have increased 5-fold, or even tenfold. What accounts for the increase of real estate prices so quickly in NY?
will the house prices go down in the near future? is there any experts in the housing market that expect the house prices to fall in the near future? i live in deeside wales and the wages are terrible round here. 18500 coming into our household . to buy a 2 up 2 down terrace round here is about 115000 theres no way we could get a mortgage for that much.
How much % will UK average house prices fall in the crash? With the average UK house price being at around £180,000 at the moment. (I know £180,000 doesn't cover the very expensive areas.. it's just a national average) Ollie, the banks no longer have enough money to keep lending for as many transactions of £250,000 a time. There is not enough lending money to go around. That's why mortgages are harder to get and more expensive.
Have the house prices dropped where you live. The credit crunch has just started to effect? the house prices here in the North East Of Scotland. Good news for the buyer but bad news for the sellar.
Are Nashville house prices steady or falling? Nashville's house prices didn't go way up like lots of other places and people are moving here. I can't tell if prices are falling. Houses are selling in normal times in my neighborhood most of the time and there aren't many on the market. The slow selling houses are on the high traffic streets. So I don't know what to think. Are house prices falling in Nashville?
Estate Agents How much do they infliuence house prices? My local estate agent in the Wirral has asked buyers not to place a low offer on a house but to meet the asking price or better it. Reasons he gives for this include that it shows commitment, gets the relationship off on a good footing. He says offering low also indicates that you dont have the money or dont really like the home. Personally I think the higher the price the higher his commission and less work for him. If we all followed his advice an average semi detached would cost £1million in five years! After all the average price of one now is unaffordable for millions! What do you think?
What do you think about the House prices? I think they are shocking and can't understand how young people can afford to establish themselves. I read that the average price on a house is £ 1,7 mill. Shouldn't anything be done about this? What about those who are single or dependent on one income? Sorry I meant £ 170,000
Will house prices go up anytime soon in southern California? I have seen a lot of "bubble bursting" talk about the house prices in southern California. Do you think it will ever go back up in price?
Are house prices falling in the USA and if so, where and by how much? Here in the UK, we keep hearing from certain sources that in the USA, house prices are beginning to fall quite drastically. Is this true? If so, can you tell me where and provide examples where possible? Thanks.
Average house prices in your neck of the woods? Just wondering what the median or mean price of homes are where you live. Let's say for a 3 bedroom 2 bathroom house in a decent neighborhood. Here in Hawaii it's about $620,000 so it's heartbreaking knowing that I won't be able to afford one anytime soon.
Which is the best website for UK house prices? which is the best place for sold house prices, property valuations etc to know what my house is worth and my neighbours.
Will house prices in Australia drop in the next 12months? There has been a large number of investors who purchased mulitple rental properties. With increasing interest rates and a plateau of capital gains, will we see houses prices drop considerably as investors sell off their rental properties? On the otherside of the coin, with the share market 'wobbly' will investors hold on to their houses as a relatively stable investment - and continue to help keep demand high? Your thoughts and opinions?
Will house prices in Australia fall in the next 12months? There has been a large number of investors who purchased mulitple rental properties. With increasing interest rates and a plateau of capital gains, will we see houses prices drop considerably as investors sell off their rental properties? On the otherside of the coin, with the share market 'wobbly' will investors hold on to their houses as a relatively stable investment - and continue to help keep demand high? Your thoughts and opinions?
What will happen to house prices in Chiswick, W. London over the next 5 years? I'm looking to buy a 2 bed flat/house in Chiswick and want to know if it is a safe buy. Will prices continue to go up or is Chiswick in line for a fall?
will house prices lower or just keep rising? I would like to know you opinion about this question. Also if their are any sources if house prices will lower or keep raising. that would be awesome.
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